Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Imperial Brands does not appear to be actively engaged on climate policy. Recent engagement appears to be limited to top-line messaging, including support for the target of net zero greenhouse gas (GHG) emissions by 2050.
Top-line Messaging on Climate Policy: Imperial Brands has expressed positive top-line communications on climate policy. In its ‘Our Net Zero Target: SBTI Approval document, published on its website in April 2024, the company supported the target of net-zero GHG emissions by 2050. In the same document the company also supported the science of the Intergovernmental Panel on Climate Change (IPCC) on climate change. It is unclear from the evidence if the company supports the goals of the Paris Agreement or the need for climate-related regulations.
Engagement with Climate-Related Regulations: Imperial Brands appears to have limited engagement on specific climate-related regulations. The company supported a 50% reduction in emissions by 2030 in a document published on its website in April 2024. It also referred to the EU Packaging and Packaging Waste Directive in its 2023 Annual Report, published in November 2023, but gave no position on the policy.
Positioning on Energy Transition: Imperial Brands appears to have no transparent engagement on the energy transition.
Industry Association Governance: Imperial Brands has not disclosed a list of industry association memberships. The company has not explicitly stated that it does not engage with industry associations.
This summary was last updated in Q1 2025.